What’s included in my Lakewood, CO auto insurance policy?

Unfortunately, accidents happen. When they do, it’s important to have the proper auto insurance coverage.

Premier Group Insurance can help. With offices located in Lakewood, CO and the surrounding areas, their agents break down five must-haves for any auto insurance policy.

Bodily injury liability

This applies to injuries caused by a designated driver or policyholder. Colorado requires a minimum of $25,000 for bodily injury or death to anyone person in an accident and $50,000 total for all persons in any single accident. This is often referred to as "25/50." Although this is the baseline coverage, most agents recommend carrying more to protect personal property and assets.

Medical payments coverage

This reimburses any medical expenses that you or passengers incur during a driving incident. Despite being able to opt-out, any agency must offer a medical payment plan of at least $5,000.

Property damage liability

This covers any destruction or damage that results from an accident. While this usually means another driver’s vehicle, it also applies to mailboxes, fences, buildings, or any other structures you may hit. Colorado mandates at least $15,000 for any lone accident. 

Uninsured motorist coverage

If you are hit by someone with inadequate coverage, this plan kicks in. Like medical payment coverage, the state requires companies to offer this to their customers. While it’s encouraged, you can choose to pass on this coverage.

Collision and comprehensive coverage

Collision insurance pays for damage sustained to your personal car during an accident, while comprehensive coverage protects against theft, vandalism, fire, and other non-collision events. Both are optional under state law and will likely include a deductible.

Set up an appointment with Premier Group Insurance

Serving Lakewood, CO, the agency wants to ensure you are driving safely. Call Premier Group Insurance today to discuss your auto insurance needs.

Does my auto insurance cover rental cars

It is that time of year again when thoughts turn to vacation. This means you may want to rent a vehicle when you get to your destination or you may want to rent a vehicle for your great road trip. When you go online to begin your booking, you will find that after you pick your dates, location, and type of vehicle you will start to be questioned about the type of insurance you want to purchase. Premier Group Insurance in Lakewood, CO is dedicated to working for our customers to provide high-level customer service. 

The answer to the question "Does my auto insurance cover rental cars" is not a simple yes or no answer. At best it is maybe. It really depends on the type and amount of insurance you carry. If you have a basic insurance policy with just liability coverage, you probably need to depend on something besides your auto insurance for coverage. If your liability level is one you are comfortable with, you won’t need any additional liability coverage but the CDW (Collision Damage Waiver) will protect the rental car in the event you have an accident. 

If you have a credit card that offers car rental coverage, you can make that your primary coverage. Talk to the credit card company to find out what coverage they offer and if it will give you peace of mind. 

If, however, you have full coverage on your primary vehicle, with collision and comprehensive coverage and your vehicle is relatively new, your auto insurance should provide all the coverage you will need unless you are renting an extremely expensive vehicle. When in doubt, talk to your insurance agent about the level of coverage you have and whether it is enough.

Contact Premier Group Insurance in Lakewood, CO for all your auto insurance needs.

Three options you have when you purchase auto insurance in Colorado

It’s important to consider all your options and do your research before you select an auto insurance policy in Lakewood, CO. We can help you explore your options at Premier Group Insurance. 

The following are three options you have when you purchase auto insurance in Colorado.

Deductible amount

The deductible amount is the amount you have to pay before your insurance coverage will start paying for the costs of your claim. The higher your deductible amount is, the less expensive your monthly premiums will be.

However, choosing a higher deductible amount is probably not a good idea. If you choose a high deductible amount, you might have trouble paying it in the event of a claim. 

Collision or comprehensive coverage

You do not have an option in Colorado of whether or not to purchase liability coverage. However, you do have a choice of whether you want to purchase collision or comprehensive coverage. 

Collision coverage covers you for the costs of damages to your own vehicle in an accident. Comprehensive coverage covers you for damage caused by incidents like fires and vandalism. Both collision and comprehensive coverage are valuable types of coverage to have. 

Policy maximums

Insurance policies generally have maximized limits. A policy will only pay out so much money for a claim. The higher your maximums are, the more financially secure you’ll be in the event of an accident and a claim. 

It’s important to understand your options when you buy an auto insurance policy in Lakewood, CO. If you have any questions about your auto insurance options, feel free to ask us at Premier Group Insurance. Contact us via our website for assistance. 

What are the benefits of getting auto insurance in Colorado?

For most people that live in the Lakewood, CO area, owning a car is practically a necessity. When you have a car, you will have a convenient asset that makes it a lot easier to get around town and complete your daily tasks. When you do get a car, you should also get auto insurance as it will provide a car owner with a range of different benefits. 

Ensures Legal Compliance

One of the benefits that come when you protect yourself with auto insurance is that you can ensure you will remain in legal compliance. Those that need to drive a car on a public road are going to be required by law to carry auto liability insurance. When you have a full auto insurance policy, it will come with the necessary amount of liability insurance to protect you and be in compliance with state law.

Insurance Protects Asset

Buying a car is always a big purchase. Due to this, you will want to ensure that your investment is always properly covered and protected. A great way that you can do this is by getting a full auto insurance policy. A full policy will include many different forms of coverage including collision and comprehensive protection. With this coverage, you will receive protection to repair or replace your car if it is stolen or damaged.

As you are looking for insurance in the Lakewood, CO area, you should reach out to the team at Premier Group Insurance. When you call the team at Premier Group Insurance, you can learn a lot more about your needs and options. The team here can help you build a policy that will adequately protect you and your vehicle, which will also give you some peace of mind. 

Four steps to go through when finding auto insurance

In every state, some sort of financial responsibility coverage is required to legally drive. You need to go through a few steps to find the right auto insurance coverage for your needs. 

At Premier Group Insurance, we help Lakewood, CO drivers get on the road and enjoy the peace of mind of knowing they’re financially protected in the event of a roadway accident. The following are four steps we recommend that motorists go through in finding the right auto insurance policy for their needs:

Determine what types of auto insurance you need

Every motorist on the road needs basic liability insurance. This will cover any damages their vehicle causes to other vehicles, property, or people out on the roads. 

In addition to liability insurance, some drivers may need or want collision coverage that will compensate them for damages to their own vehicles. If your vehicle is financed, your lender will require you to have collision coverage to compensate you for damages to your vehicle.

Decide on how much coverage to get

You will need to meet state requirements regarding how much coverage you have. In addition, you can also get added coverage to be even more protected in the event of an accident. If you are a relatively inexperienced driver, you may want to add additional coverage. You might also want add-on coverage for protection against uninsured and underinsured motorists, for example. 

Look into discount possibilities

There are numerous discounts out there you may be eligible for. For example, you may be eligible for a discount for being in the military or for being a college student with a good academic record. 

Get quotes from a few providers and make a decision

The best way to get auto insurance at a good rate is to get numerous estimates from different providers and to choose which offer is best for your budget and needs. 

To learn more about auto insurance in Lakewood, CO or to purchase a policy, contact us with your inquiries at Premier Group Insurance

Does My State Require Insurance For A Stored Vehicle?

Let’s Be Clear…"I Store My Vehicle Daily In My Three-Car Garage"

Not That Kind Of Storage

Insurance doesn’t have to be such a stoic entity. We like to have fun at Premier. All vehicles are "stored" when not in use. However, when you plan on not using your vehicle for an indefinite amount of time, the vehicle is then classified as "not in use". 

You can remove the insurance and cancel the registration if you choose to. Speak with an agent at our agency first. This may not be wise as you will not be covered if the vehicle is stolen. You may want to consider the value of the vehicle and if you want to protect against theft. if you are in this situation currently, give us a call.

Many drivers have an alternative vehicle that they’re not quite ready to get rid of and at the same time, they don’t use. Just make certain that you discuss what can be done with a qualified insurance agent. 

In Lakewood, CO or elsewhere in Colorado state you can fill out a non-use of vehicle form once per year and return it to the county clerk office in the county of your permanent residence. This affidavit stipulates that you are not allowed to operate the vehicle and that no one else will operate it either.

In addition, to Lakewood, CO, Premier Group Insurance also serves Denver, Colorado Springs, Aurora, Fort Collins, Thorton, Pueblo, Westminster, and Centennial Colorado.  We are a 40 State conglomerate agency with local offices around the country. If you want to call us in the above-mentioned cities please do so today at 720-457-1101. We specialize in both home and automobile insurance.  Come see us first and stay forever. 

 

What auto insurance covers

First-time drivers and first-time car owners probably don’t know the various parts of an auto policy. That means they probably also don’t know why a full coverage policy makes for a smart choice. Premier Group Insurance of Lakewood, CO wants you to understand what auto policies can include, so you get the coverage you need.

To legally drive on US roads, you must carry valid auto insurance. Each state sets its own minimum requirements, so if you just moved from Texas or California to Colorado, know that the minimums differ.

Your bank might require gap insurance if you took out a loan to purchase your vehicle. It pays the difference between its value and what you owe on it.

  • Collision insurance covers repairs to your vehicle if it becomes involved in an accident. You pay the deductible; the insurance pays the rest.
  • Comprehensive insurance covers damage to a vehicle not caused by an accident. This includes the random tree limb or other objects falling on the car, natural hazards like hail or tornado, vandalism, and theft.
  • Each state except New Hampshire requires you to carry liability insurance that covers bodily injury to another and property damage. This also pays for your legal bills if you’re found at fault for the accident.
  • You can add to the medical protection provided with medical payments and personal injury protection insurance. It pays your medical costs and that of your passengers when an accident occurs. Sixteen states require this coverage, but contact us for a list of states that don’t offer it. It also pays funeral expenses.
  • Finally, uninsured motorists insurance pays your medical bills if a motorist with no insurance causes an accident in which you’re involved, or you become the victim of a hit-and-run.

Visit Premier Group Insurance of Lakewood, CO to learn what types of auto insurance best benefit you. We can help you customize a policy to fit your precise needs.

Does the color of your car impact your insurance?

We have all heard the rumors about car insurance. Having that flashy bright red car will make your insurance premiums higher. Is this actually the case though? Is there any truth to the color of your car being able to impact the cost of your car insurance?

It turns out what is more important when examining the cost to insure your car is the type and model of your car. In fact, the color of your car is not even asked for on most car insurance policies. If you drive a more expensive luxury brand car or a sports car you are likely to see price increases on your premium. However, choosing a silver sports car over a red sports car in the attempt to save you money really will have no impact at all. 

It is also important to keep a clean driving record. Regardless of the model of the car, if you are racking up moving violations you can expect to see your car insurance premiums increase. If you collect too many moving violations, it is entirely possible to run into problems finding car insurance companies to offer you coverage.  

Car insurance myths have a way of sticking around, and it is a good idea to talk to the experts to uncover the truth. Serving drivers in Colorado Springs, CO, the experts at Premier Group Insurance are happy to help with any questions you might have. If you are a new driver in Colorado Springs, CO and are looking for a new policy, or simply have questions about an existing insurance plan, feel free to reach out to Premier Group Insurance for your car insurance needs today.